Islamabad: 3 ‘hundi’ dealers remanded to FIA
ISLAMABAD: Federal Investigation Agency (FIA) on Wednesday arrested three Hundi dealers for carrying illegal business of foreign currency in capital and got three-day physical remand from Senior Civil Judge Mahmood Haroon.
The FIA official told Daily Times that it was learnt through an informer that some culprits were involved in selling and purchasing of fake Indian, United Kingdom, US, Saudi and Canadian and Pak rupees in capital. The culprits also carried illegal business of Hundi in the name of Mughal Money Changers F-10 Sector, without the authorized license of the State Bank of Pakistan.
On that information, the official said, a raid was conducted, during raid Sulmen, Arslan Shahid, and Farrukh Shehzad arrested red handed in the shop busy exchanging foreign currency, upon asked by officials to produce license, issued by the State Bank, they failed to do so.
According to official, during the raid 3,000 fake Indian currency, 7,000 Saudi Rayal, 3,500 UK pounds, $US 4,000 and 5,000 fake Canadian dollar were recovered. Besides more than 2 million Pakistani currency notes were also seized.
The FIA expert has declared that the questioned currency notes were fake because the security features exposed under Ultra violet (UV) rays were dull and different in color as compared to the genuine currency notes.
FIA Investigation officer Khalid Salahuddin told Daily Times said that further investigation is underway and more arrest were expected. FIA requested the seven-day physical remand of the said accused persons for further investigation and recovery.
The court granted three-day physical remand of the accused persons and directed FIA they be produced before court on December 17.